Snail Q1 2024 GAAP EPS $(0.05) Misses $0.04 Estimate, Sales $14.116M Miss $24.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Snail (NASDAQ:SNAL) reported Q1 2024 GAAP EPS of $(0.05), missing the $0.04 estimate by 225%. Sales were $14.116M, missing the $24.000M estimate by 41.18%. Despite the misses, EPS improved from $(0.08) last year, and sales increased by 4.89% from $13.458M.
May 15, 2024 | 8:14 pm
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NEGATIVE IMPACT
Snail (NASDAQ:SNAL) reported Q1 2024 GAAP EPS of $(0.05), missing the $0.04 estimate by 225%. Sales were $14.116M, missing the $24.000M estimate by 41.18%. Despite the misses, EPS improved from $(0.08) last year, and sales increased by 4.89%.
The significant misses on both EPS and sales estimates are likely to negatively impact the stock price in the short term. However, the year-over-year improvements in EPS and sales may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100